Author: Rachel Shepard

Can You Have Too Many Credit Cards?

With some things, it’s easy to tell when you have enough. Once your stomach is full, for example, you know you’ve probably hit the acceptable limit on pizza slices. With other things, however, it’s harder to tell if you have enough — or too many. For many people, credit cards can fall into that latter […]

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How Long Do Late Payments Stay on Your Credit Report?

Modern technology has made many facets of life easier and more convenient. We have refrigerators that make grocery lists, robots that automatically vacuum the floors, and thermostats that adjust themselves. Despite all these tools, however, it can often seem as though our lives are busier than ever, and free time can feel like a limited […]

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How Your Credit Score Impacts Your Loan Terms

Some people are fortunate enough to have the means to pay for everything they need in cash, without worrying about things like loans and repayment terms. For the rest of us, however, loans are an important part of financing major purchases and getting through expensive emergencies. So, unless you’re one of the few who can […]

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Can Credit Cards Save You Money?

Although it can be easy to forget as we’re swiping away, credit cards are a form of debt; the balance you build on your credit card is debt you owe to the issuing bank.   Given that they are debt and, by nature, debt is a negative, it may seem counterintuitive to consider that credit […]

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The Fastest Ways to Boost Your Credit Score

So many aspects of our culture rely on having a good credit score — buying that new car that will turn heads on the highway, finally moving out of that small apartment and purchasing your first home, or even opening a decent checking or savings account.   Unfortunately, it can be easy to lose our […]

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Ways to Minimize Summer Vacation Debt

For most families, summer is the ideal time for a vacation; schools are out, the weather is warm, and most venues are open for business. But when we spend the whole year eagerly waiting for summer vacation to come ‘round, it can be all too easy to get swept up in making the most of […]

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Some Credit Cards Don’t Fall Under the CARD Act of 2009

In 2009, Congress passed the CARD Act (officially known as the Credit Card Accountability Responsibility and Disclosure Act of 2009) to protect consumers against excessive interest rates, fees and miscellaneous charges. The act prohibits credit card issuers from initiating fee traps, excessive interest rate hikes on existing balances that create consumer default or retroactive late […]

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Don’t Get Scammed by Unethical Loan Companies

Like many people these days, you may be trying hard to do the right thing and pay your bills, but find that you are struggling and your debt load keeps growing. You know that one missed payment will bring your house of cards crashing down and you don’t want that. In conjunction with this, perhaps […]

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5 Things That Can Prevent You From Owning a Home

If you’re in the market to buy a home, you’ve probably already started looking around, and you may have even found the home that you believe is the one you’re meant to buy. But what if some unforeseen surprises spring up, surprises that stop your home purchase deal in its tracks? What can possibly go […]

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Negotiating With Creditors: Do It Effectively

Negotiating your debt on your own is possible, but there are some basic rules you should follow for best results and to minimize the chances of your getting disorganized or even confused and frustrated during the process. If you are ready to contact your creditors or any collection agencies currently holding accounts of yours, take […]

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Credit Card Scams and Gimmicks to Avoid

With credit card issuers loosening their requirements for cardholders once again, consumers now have a number of choices available to them. At the same time, these issuers are offering a variety of gimmicky cards to attract people to their products. The problem is that many of these offers end up being scams, since with them […]

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Secrets to Saving Money

If you are looking for ways to make your money go further, you are not alone. No matter how much money you make, it is always a good idea to do things as inexpensively as possible, as you never know what can happen in the future. Many successful people were completely caught off guard when […]

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Scam Alert: Scams of the Month for August 2013

Many consumers take care to avoid any information concerning scams because it makes them uneasy. This isn’t wise, though, because the more you know, the safer you’ll be when scammers try to pull one over on you. Find here some basic details on the latest scams for August 2013 — and there are many — […]

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5 Easy Ways to Rebuild Your Credit After Bankruptcy

After filing bankruptcy, one of your main concerns should be repairing your credit. For some consumers, a bankruptcy filing can lead to a sense of hopelessness that can be difficult to escape. Once you come up with a firm credit repair plan, however, you can confidently begin the road back towards financial health. And with […]

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5 Ways to Protect Yourself From Online Scams

The Internet has brought the global marketplace right to our fingertips, making it easier than ever to purchase goods and services, do our personal banking, and donate money. Along with this technological convenience, however, also comes the dangers of getting scammed online. Providing unsecured websites with your personal information can put you at risk of […]

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Tips for Paying a Loan Off — on Time

In the current economic climate more and more people are being affected by growing debts. Many of these individuals are experiencing difficulty paying off these debts, and this unfortunately is making a bad situation worse, with penalties and fees only adding to the amount owed and consumers seeing their credit rating, which often is already […]

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Scam Alert: Jamaican Phone Scam

With so many scammers around the world, it can be difficult to keep track of them all in an effort to avoid becoming their victim. Luckily, organizations such as the Better Business Bureau (BBB) are hard at work to provide everyone up-to-date information on the latest scams out there. As evidence of this, recently the […]

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5 Ways to Save on Your Mortgage

Buying real estate has always been one of the best ways to invest your money and build wealth and equity. However, along with home ownership frequently comes hefty mortgage payments that need to be made each and every month. A mortgage is often the biggest debt that a consumer will have in their lifetime. The […]

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Identity Theft: How to Fix This, Quickly

Identity theft can be emotionally and financially devastating, and it can take quite a bit of time to sort through everything once you are a victim of this crime. To prevent as much damage from happening as you can, there are steps you need to take immediately if you feel that your identity has been […]

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Credit Inquiries: The Difference Between Hard and Soft Inquiries

Many consumers understand that if multiple inquiries about their credit are made to the major credit reporting bureaus, that can have a negative impact on their credit rating. What many people are not aware of, however, is the fact that there are different types of credit inquiries. One type is not likely to produce an […]

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When Is the Right Time to Get a Mortgage Loan?

Applying for a mortgage loan is an important decision in a person’s life and is not something that should be taken lightly. Before you apply for a mortgage, make sure that you can afford the monthly payments. While your lender will look at your financial situation to help them decide whether or not they believe […]

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Scam Alert: Bogus Medical Alert Systems

They say that there is no honor among thieves, and a new scam making the rounds perfectly demonstrates this. It involves con artists utilizing deception, threats and intimidation tactics to persuade elderly individuals to purchase medical alert systems that they neither have requested nor want, all in an effort to bilk them out of untold […]

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5 Things That Maintain a Good Credit Score

There are many things a consumer can do to help them maintain a good credit score. Here are five simple steps to keeping your credit in tip-top shape: 1. Know what a credit score entails. Knowing how a credit score is calculated is key. Your credit score is calculated based on five different things: your […]

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Steps to Getting a Home Loan

Buying a house is a major investment, and with the high cost of homes around the country, it usually represents a major outlay of money for a consumer. Therefore, it should come as no surprise that, according to recent statistics, nine out of 10 homebuyers finance their purchase with a mortgage loan. If you are […]

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Phishing Scam Alert: Twitter Direct Messages

Social media website Twitter is everywhere these days and used by millions of people around the world. Now, in an effort to take advantage of this situation, online criminals have rolled out a new scam, which originates from what is designed to look like a legitimate Twitter account. With this scam, consumers are generally contacted […]

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Credit Bureaus: Understand How They Affect You

Credit bureaus are agencies that research and collect consumers’ credit information. In the United States there are three primary credit reporting agencies: Experian, Equifax and TransUnion. Utilizing standard computations, these agencies collect information and tabulate it in a numerical equation that results in an individual’s credit score. It is important for you to understand not […]

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Why It’s Important for Your Credit to Pay Back Your Loan

Many reasons to apply for a loan exist, with the main one probably being that having this additional money simply allows you to make major purchases without saving up beforehand. Of course, loans eventually need to be paid back, and they generally come with predetermined repayment terms to which you must adhere. Failure to repay […]

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Government-Job Scams

As a species, scammers are a nefarious lot. They prey on the unsuspecting and they deviously separate money from those in need. One of the latest schemes that scammers are engaging in involves them offering to assist job searchers in obtaining positions with federal government agencies such as the U.S. Postal Service.

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Consolidating Your Student Loans

Student loans are considered the next “bubble” the American economy will have to grapple with. As tuition costs continue to climb, the amount of debt that graduating postsecondary students carry is also booming. Recent graduates are emerging with an average loan debt of $27,000. With a difficult job market and heavy average debt load, it […]

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Beyond Banks: Other Places Your Credit Matters

Your credit score is a seemingly ethereal number that you likely only think of when you are considering acquiring a credit card or loan. Consumers rarely give much thought to their credit score beyond this sort of scenario. What many people do not understand, however, is how vital maintaining a good credit score is for […]

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How Your Credit Score Is Calculated

These days, having a good credit score is key to gaining access to all kinds of things. Because of this, of course, it behooves you to do whatever you can to get your score up as high as possible. And learning exactly how a credit score is calculated is important if you want to know […]

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Credit Diversity: How Much Does It Really Matter?

Credit diversity. What is it? Does it really matter? I know, you’re probably thinking, “Credit is credit … right?” The truth, however, is a little more complicated than that. There are actually many different types of credit, and in order to have a higher credit score and get lower interest rates on loans, you need […]

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Wire Transfer Scams

How nice is it to enjoy a little TV after a delicious dinner and a hard day’s work? Now imagine you receive an unexpected phone call during the commercial break. It’s from a number you don’t recognize, but you answer it anyway. Someone on the other end begins accusing you of reneging on debts, or […]

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Scam Alert: BBB Email Imposters

The Better Business Bureau is one of he most trusted consumer groups in the country. When you are in doubt over the reputation of a company anywhere in America, they are one of the easiest places to find out the truth. Unfortunately, that same reputation has led to scam artists actually posing as the BBB. […]

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Scam Alert: Phone, Loan and Wire Transfer Scam in Iowa

On the border of Iowa and Illinois is the town of Muscatine. A woman in town recently reported a frightening experience in which she narrowly avoided being scammed for hundreds of dollars. Here is the story: One morning in mid-July, April Garcia received a phone call from an unknown caller. The caller informed her that […]

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Loan Scam Alert: High-Pressure Phone Calls

There have been a spate of reports recently concerning unsolicited phone calls from people claiming to be collecting on a debt. The scammers attempt to scare, pressure, and threaten their victims into making payments on debts they don’t owe or giving away confidential personal information, which can lead to identity theft. Those contacted by the […]

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Debt Collection Scam Alert: Central Asset Bureau

A debt collection company based in San Antonio, Texas, has been causing trouble with numerous people in the state. Consumers have reported that they have received phone calls from representatives of the company who claim to be collecting on past debts. In many cases the debt the company says is owed is nonexistent. However, that […]

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Learn How to Recognize Debt Collection Scams

Hopefully, you are not one of the thousands of Americans who have been victimized by scam artists posing at debt collectors. These criminals have been known to hound completely innocent people into giving away hundreds, or even thousands, of their hard-earned dollars. With just a few tips, though, you can spot a debt collection scam […]

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Looking for a Summer Job? Be Careful!

With high school and college finished for the year, many students are looking to make an extra buck during vacation. This can be a character, and wallet, building experience, but can also put young workers in a vulnerable position. Situations involving identity theft and the tricking people into paying money are all too common. Employment […]

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